Administration Expects Fewer Obamacare Sign-Ups

It’s “Obamacare Saturday” in America this weekend, the time when the federal exchange opens and people can start buying Obamacare subsidized insurance plans again.

When the program was launched, the Congressional Budget Office estimated that 13 million people would purchase insurance through the exchanges this year, with a projection of 25 million by 2017.

I don’t think they’re going to make that goal.  In fact, it may take another decade at the rate that HHS is projecting growth.

The Hill:

Federal health officials are projecting that ObamaCare enrollment will include at least 3.1 million fewer people next year than congressional budget analysts thought.

HHS, which previously declined to project 2015 sign-ups, said that between 9 million and 9.9 million people are expected to participate in the exchanges in 2015.

The figure was less than the CBO’s projection of 13 million for 2015 enrollment, raising questions about the exchanges’ performance, compared with expectations.

HHS officials described their figures as more complete than the CBO’s and said the health insurance marketplaces are simply not “ramping up” at the rate the office projected.

Officials rejected the notion that the slower adoption rate could pose a problem for President Obama’s signature healthcare law.

“Our charge was to make use of the available data to learn from our experiences and to build a projection from the ground up,” said an HHS official, who declined to be identified on the record.